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Alpha Graphics Company SA was organized on January 1, 2017. At the end of the first 6 months of operations, the trial balance contained the

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Alpha Graphics Company SA was organized on January 1, 2017. At the end of the first 6 months of operations, the trial balance contained the accounts shown below. 22,800 8,545 21,867 53,625 Debits Cash Accounts Receivable Equipment Insurance Expense Salaries and Wages Expense Supplies Expense Advertising Expense Rent Expense Uslities Expense Credits C 8,053 Notes Payable 14,221 Accounts Payable 43,287 Share Capital-Ordinary 2,856 Service Revenue 29,656 3,649 2,091 1,545 1,479 C106,837 106,837 Analysis reveals the following additional data. 1. The C3,649 balance in Supplies Expanse represents supplies purchased in January, At June 30, 0841 of supplies are on hand. The note payable was issued on February 1. It is a 8%, 6-month note. 3. The balance in Insurance Expense is the premium on a 1-year policy, dated March 1, 2017 Service revenues are credited to revenue when received. At June 30, service revenue of 1,123 is still not performed for the customer Depreciation is c2,180 per year. 2. 4. 5 Journalize the adjusting entries at June 30. (Assume adjustments are recorded every 6 months.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debe Credit No. Date 1. June 30 2. June 30 3. June 30 4. June 30 5. June 30 ALPHA GRAPHICS COMPANY, SA Adjusted Trial Balance Debit Credit Equity and Liabilities U Prepare an income statement for the 6 months ended June 30. ALPHA GRAPHICS COMPANY, SA Income Statement Prepare an retained earning statement for the 6 months ended June 30. ALPHA GRAPHICS COMPANY, LTD. Retained Earnings Statement Prepare a statement of financial position at June 30. (List Current Assets in reverse order of liquidity.) ALPHA GRAPHICS COMPANY, LTD. Statement of Financial Position Assets

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